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On January 2, 2020, Bronten Industries Inc. issued 54 100,000 of 6.5 percent, 5-year bonds when the market interest rate was 8 percent. Bronten Industries

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On January 2, 2020, Bronten Industries Inc. issued 54 100,000 of 6.5 percent, 5-year bonds when the market interest rate was 8 percent. Bronten Industries pay interest annually on December 31. The issue price of the bonds was $3,854.448. Required Prepare a schedule to amortize the discount on these bonds. Use the effective-interest method of amortization. Prepare the schedule below to amortize the bonds. (The discount amortization for 2024 may need to be altered slightly in order for the discount balance as bond carrying amount to be correct. This is due to rounding. Round all amounts to the nearest whole dollar. If an account balance is zero, please entem "0".) A B D E 6.5% 8% F Bond Carrying Amount Interest Interest Unamortized Discount Balance Discount Amortization Payment Expense Date Jan. 2. 2020 Dec 31, 2020 Dec 31, 2021 Enter any number in the edit fields and then continue to the next

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